Government focus due to commodity price inflation

Finance Info-Coordinating Minister for Economy Hatta Rajasa pleaded before the focus on controlling inflation from the reduction of subsidies on fuel oil (FUEL), the Government will first focus on inflation due to commodity prices.

"Of course there will be inflation (from rising fuel prices), we would anticipate. But first we are now used to control the inflation of food, that we keep meat, horticulture don't bobbing again like yesterday, and we should also keep the rice, "he said at the hotel Bidakara, Jakarta, Friday (30/4/2013).

Concerning the compensation fund for the poor, Hatta claimed will discuss with PARLIAMENT because of the budget can only be issued with the approval of the House.

"Because it concerns the budget should be discussed with the HOUSE of REPRESENTATIVES. It was the domain of the House. We could not raise fuel prices without protecting the poor, "he said.

He compared the scene this year with the 2005 where the number of poor people increased because of rising fuel prices. "The experience in 2005, poverty is rising to 17 percent because of rising fuel prices. That experience so the lesson is, we don't want the poor exposed and we should protect them, "pungkasnya.

(gpr)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Economist: Gas export commodity was not

Michael Augustine -Sindonews

Sindonews.com -Economic Observer Faisal Basri said, gas is a national strategic asset. Therefore to increase the competitiveness of the industry, gas should not be used as a commodity, but as the energy to drive the domestic industry.
"Last year, we pay subsidies of energy more than Rp306 trillion. While oil and gas contributions to only Rp277 billion STATE BUDGET. So, the result of oil and gas exports that we do is not enough for the subsidy. That is, make the gas as a commodity that's very wrong, "Faisal said in affidavits that earned Sindonews, Jakarta, Friday (22/2/2013).

According to Faisal, in case the gas crisis at the impact already is visible from the tendency of deindustrialization in the region of North Sumatra (Sumatra). In recent years the contribution of industry to the gross Regional domestic product (PRDB) of North Sumatra continued to decline.
Therefore, he suggested, the Government should seriously in providing assurance of supply for gas industry in Medan. With the increase of the supply of gas, means the industry will continue to grow and open up greater employment.

"Indonesia must be able to transform from agriculture to industry as an indicator of progress. But that happened today the industry experienced a lot of problems. Even 54 percent of the workforce employed in the informal sector, this is sad, "stated Faisal.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics